Growing up impoverished with kidney disease as an immigrant from Mexico, Christian Carreon’s health problems and the trauma of financial instability in his family led to the urge and hunger for financial success and security through market redemption. Although he suffered physical and mental pain from the condition, his spirit and determination remained strong. We have refined and refined our approach.
As an avid researcher of chart history, he is comfortable with certain pricing and can confidently go ‘all in’. Lacking basic day-to-day health, he realizes the importance of being grateful for everything he does.
In addition to trading using the aforementioned “box” strategy, Christian is also the founder of Create Wealth Management and applies a modified version of that strategy. He also started a private group called Paradigm Shift Trading.
Disclaimer
Trading in financial markets involves the risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Topic and Timestamp:
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- 0:00 Background
- 5:00 Recovery process after kidney transplant
- 7:45 Attitudes towards financial literacy in Mexico
- 9:45 Parental Sacrifice and the Great Financial Crisis
- 13:38 Motivation after getting out of prison
- 15:35 Trading starts
- 18:18 How he turned a loss into a gain
- 20:20 Share trading experience with family
- 22:00 Types of strategies to use before making money
- 23:50 Current strategy on boxes
- 29:15 Consolidation period example
- 30:35 How to determine support and resistance levels
- 35:22 The longer the price consolidation, the bigger the price movement
- 39:26 Fear about position sizing
- 44:38 Repeated price action creates comfort to go ‘all in’
- 47:17 Incredible return
- 50:30 What does a bear market bottom look like?
- 53:25 Why Financial Advisors Don’t Trade Trends
- 56:10 What he struggles with the most
- 60:00 Waiting for a kidney donor
- 63:40 share inspirational quotes
Christian Calleon